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No Wonder Alaska's Income Tax Burden Is So Light

Updated Sept. 12, 2008 12:01 a.m. ET

I was a bit rankled after reading James Lucier's "What Palin Really Did to the Oil Industry" (op-ed, Sept. 5) regarding Gov. Sarah Palin's legislation governing the taxation of oil and gas companies operating in Alaska.

I have no issue with Gov. Palin's plan, per se, as it sounds vastly preferable to the system that had been in place previously. According to the article, Gov. Palin's legislation will result in every Alaskan receiving a check for $1,200 as their "share" of the revenues from the sale of...